1. Littletan Inc.'s statement of cash flows for the year ended December 31, 2021 had the following items: Collect note receivable $615,000 Issue bonds payable 539,000 Purchase treasury stock 300,000 What amount should be reported on the statement of cash flows for financing activities?

		$315,000
		$1,254,000
		$339,000
		$239,000

2. The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 was $1,164,000. Net income for 2021 was $1,000,000. A stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. A cash dividend was declared and paid. The stock dividend should be reported on the statement of cash flows (indirect method) as

		an outflow from financing activities of $500,000.
		an outflow from financing activities of $720,000.
		an outflow from investing activities of $720,000.
		Stock dividends are not shown on a statement of cash flows.